Mortgage Applications Rise
FHA activity rose 17.2 percent last week as stricter rules for those loans neared, according to the Mortgage Bankers Association.
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How to Reach the Millennials
The millennial generation is a growing segment of buyers in today’s market. But they have different views about home ownership, and they also communicate differently than previous generations. Are you talking their talk?
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HUD Has Loans for Out-of-Work Borrowers
The U.S. Department of Housing and Urban Development will offer $50,000 loans to unemployed borrowers who are at least three months behind on their payments, but have a reasonable likelihood of being able to resume payments within two years.
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BofA Is Exiting Wholesale Mortgages
Bank of America will stop making mortgage loans via third-party brokers, focusing on loans offered directly to consumers.
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Industry Pro Joins REALTORS Federal Credit Union
Benny McMahan, former president and CEO of the Texas Association of REALTORS has joined the credit union as director of industry relations.
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Helmsley Mansion Sells at Deep Discount
The Greenwich, Conn., estate of the late hotel magnates Leona and Harry Helmsley sold for $35 million after being listed in 2008 for $125 million.
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